Premarket: Global stocks trade around record highs, oil falls on peace optimism

Stocks rose and oil prices fell on Thursday as markets reacted positively to optimism around a potential U.S.-Iran peace deal. The move was tempered by uncertainty over the Strait of Hormuz, a critical chokepoint for global oil flows. The combination points to broad market relief but lingering geopolitical risk for energy prices and risk assets.

Analysis

Stocks rose and oil prices fell on Thursday as markets reacted positively to optimism around a potential U.S.-Iran peace deal. The move was tempered by uncertainty over the Strait of Hormuz, a critical chokepoint for global oil flows. The combination points to broad market relief but lingering geopolitical risk for energy prices and risk assets.